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Gold was the canary in the coal mine today…

Posted by Richard640 @ 16:44 on January 8, 2021  

Stocks, Bond Yields, & Crypto Soar Amid Payrolls Plunge, “Damaged” Democracy, & Biden’s “Trillions”

Tyler Durden's Photo

BY TYLER DURDEN
FRIDAY, JAN 08, 2021 – 16:00
So, the first week of the year brought us – the worst first day for stocks in two decades, the “darkest day in American democracy”, a dismal jobs print (far worse than expected), ISM beats that were almost entirely predicated on model misattribution of global supply chain disruptions, a blue-sweep of government (fiscal-palooza), and the highest levels of COVID “cases” and deaths.
What really mattered? The Fed said “no taper” anytime soon, and promises of more $2000 checks and more and more – both of which sparked ‘reflation’ trades everywhere with cryptos soaring, bond yields spiking and Small-Caps surging relative to Big-Tech.
 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.